How to Make Offers on HUD Homes

Flip Tip Summary

In this FlipNerd.com VIP Flip Tip, Larry Goins shares with us a quick VIP tip on How to Make Offers on HUD Homes for your real estate investing business. Don’t miss this excellent tip!

Flip Tip Transcript:

Mike: Hey, it’s Mike Hambright from FlipNerd.com and today we have a quick VIP Flip Tip to share with you from Larry Goins, who’s an expert at buying HUD homes as a real estate investor. He’s going to give us a tip on making offers on HUD homes.
Larry: Hey, guys here’s a quick tip for you. When you have your realtor submit your offer on your HUD house make sure they check that little box that says, “Leave this offer open as a back-up offer.”
I can’t tell you how many deals that have been rejected. But then two or three weeks later we get a letter or email from the realtor that got it from the HUD asset manager saying, “Hey, we’ve accepted your offer as a back-up because the original offer we accept could not close.”
So always make sure your realtor checks that little box that says your offer stays open as a back-up.
Mike: Awesome, awesome. Great tip, Larry and for those that are listening Larry has offered to give away his free book on buying HUD homes for half off. And to get that you go to Larrygoins.com/FlipNerd, and you get it free. Or you can go buy at Amazon or any bookstore. Or you can get it for free Larrygoins.com/FlipNerd. Thanks for that Larry.
Larry: Oh, no problem it’s my pleasure, and there’s that and many, many, many more things in the book including free software and much, much more.
Mike: Awesome, thank you.
Thank you for joining us for another FlipNerd VIP tip.
We’d like to thank our sponsors, RealtyMogul.com and National Real Estate Insurance Group.
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Mike: Please note the views and opinions expressed by the individuals in this program do not necessarily reflect those of FlipNerd.com or any of its partners, advertisers or affiliates. Please consult professionals before making any investment or tax decisions, as real estate investing can be risky.